Chesapeake Energy Has A Major Oil Discovery In South TexasSeeking AlphaChesapeake Energy has unlocked a major oil discovery in the Eagle Ford and Austin Chalk in South Texas. The company is dedicating almost half of its capital expenditure program to its South Texas oil play. Contango Oil and Gas will be a big beneficiary …

Welcome to the booming Texas port at the heart of US oil salesFrederick News Post (subscription)s terminal to determine if some of the world’s biggest carriers could start ferrying oil from Texas to foreign buyers. The shipping upgrade is necessary after a surge in production from U.S. shale fields like the Permian Basin brought more oil than …

Texas oil optimism entrenched, but clouds lingerUPI.comJune 29 (UPI) — Economists in Texas said the ability to do more with less in the energy sector is a source of optimism, but broader trade issues could present headwinds. The Federal Reserve Bank of Dallas said in a quarterly report that oil and gas …

US stock indexes slide in late-afternoon trading; oil risesJournal TimesU.S. stocks were on course for a lower close in late-afternoon trading Thursday as investors sold off shares in technology and most other sectors in favor of banks and energy companies. Utilities, real estate companies and other high-dividend stocks …

Technology stocks lead declines as traders trim winnersFinancial TimesTechnology companies suffered further losses on Thursday, weighing on the tech-heavy Nasdaq Composite and extending the index’s recent underperformance as investors have begun shifting away from what remains this year’s best-performing sector. The …

Investors looking for higher oil prices may have to wait longerFinancial TimesDrilling rigs are an indicator species for the oil patch. Sightings of the stork-like contraptions in the Texas sage or North Dakota grasslands are signs of vigour in the shale industry. For 23 consecutive weeks, the number of rigs seeking US crude has …

Kurdistan Denies US Oil Export ClaimsOilPrice.comIraq’s semi-autonomous region of Kurdistan has been assured by the buyers of its crude oil that the oil was not headed to the U.S., Kurdistan’s Minister of Natural Resources Ashti Hawrami told Reuters on Thursday, just days after the central Iraqi …

Kenya Delays Much-Awaited First Oil By Three MonthsOilPrice.comFirst oil from Kenya will arrive in international markets three months later than projected, according to an announcement from the nation’s energy minister on Thursday. Minister Charles Keter said the government chose to postpone the shipment as it …

Evaluating Truck Traffic in the Permian BasinCBS7 News (press release)For about the past nine months, Beauchamp says their company has been looking at truck trips on West Texas roads in a different way — by estimating the number of trips needed to dispose things like salt water from the oil field. And the numbers don’t …

Texas should listen to its own scientific task force about methaneEnvironmental Defense Fund (blog)Regrettably, when it comes to climate and air, Texas‘ political, regulatory and industry leadership are openly hostile toward any efforts aimed at solving the negative trade-offs associated with oil and gas. The Texas Railroad Commission and the Texas…

PBPA hosts Legislative Wrap-upMidland Reporter-TelegramODESSA — A month after the 85th Texas Legislature was gaveled to a close, the session continued to be hailed as a success from an energy standpoint. “From the Permian Basin Petroleum Association’s standpoint, the 85th Legislature was a success.

Data, tech, oil on the agenda for traders on Wall StreetCNBCU.S. stock index futures pointed to a mixed to slightly higher open on Wednesday, as investors turned their attention to upcoming data releases, while keeping a watchful eye on moves in the tech and oil space. On the data front, mortgage applications …

Vedanta Makes $3 Billion Bet to Re-Energize Its Biggest OilfieldBloombergIndia’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more …

Cimarron Energy: Leading the Silent Oilfield RevivalBOSS MagazineCimarron Energy is a manufacturer of oil and natural gas production and processing equipment providing separation, flowback, and environmental products to oilfield exploration and production companies throughout the United States and internationally.